Vidhikrit Legal

The Ministry of Corporate Affairs has embarked on a substantial initiative to foster fair competition and deter anti-competitive practices in India. Effective February 20, 2024, the MCA has implemented Section 33 of the Competition (Amendment) Act, 2023. Some of the key provisions include - 1. Increased penalty limits on entities found guilty of anti-competitive behavior. 2. Enhanced powers of the Director General (DG) 3. Introduction of a fast-track approval process for specific mergers and acquisitions aims to streamline procedures and reduce administrative delays. 4. Enhancements to the leniency program encouraging entities to come forward with information about anti-competitive practices. This is a welcome development, and I assume this will act as a deterrent against anti competitive behaviour and encourage efficiencies. #competitionlaw #disputes #competition #business Vidhikrit Legal

Recently, I advised and handled a transaction related to purchase of a Bollywood celebrity's real estate property by my client.. Since I have worked extensively in real estate, this opportunity allowed me to leverage my legal skills and negotiation prowess. A recent media coverage link by The Times Of India is mentioned in the comment. For anyone interested in buying or selling a real estate property, make sure to review the state-specific laws, including the Transfer of Property Act, Real Estate Regulatory Authority (RERA) regulations, Stamp Duty provisions, Registration requirements, GST and Income Tax considerations, etc. Thorough due diligence, clear and concise drafting of contracts (MOU/ Agreement For Sale/ Sale Deed) including well defined contractual obligations  and a proper analysis of regulatory and taxation framework are also required to avoid regulatory issues and disputes later on. The trust my clients place in my ability to navigate and interpret these legal frameworks in significant transactions is a responsibility I uphold with utmost dedication and sincerity. #realestate #lawyer #laws #deals #celebrity Vidhikrit Legal

They say, hindsight is always 20/20. Exactly 365 days ago, I had entered what was going to be the most challenging year of my professional life. After giving 25 years of my prime to Corporate law, I was at crossroads. Was I earning well? More than I could have imagined. Was I good at my job? Years of peer testimonials and ever expanding roles across global markets proved that. Was I happy with my job? Hell, NO. But you are not supposed to feel like that, especially when you've already given more than two decades to the “job”. You are supposed to nip that feeling in the bud and continue with the way and in the manner you have been giving your best to. But that feeling never goes away. Especially when you know deep down that your best is yet to come. Never had I felt the urgency of the "Now or Never" moment more than in 2023. The moment I decided to pivot, little did I know that my entire supporting ecosystem was just waiting to cheer me on. Sometimes the biggest hurdle to your progress turns out to be none other than you. Pivoting after two decades of my professional work as In-House Counsel saw me turning my dream of having my own legal practice into reality, and Vidhikrit Legal was born. In 2024, I am looking to accomplish much more and take the law firm Vidhikrit Legal to new heights. My focus would be on building relationships and fostering collaborations. I wish and hope that you all enjoy the best that life has to offer in the new year, and the years to come. Here's to slaying newer and bigger challenges! #career #work #newyear #lawyer

Sending you holiday cheer and good vibes this season from Vidhikrit Legal! 🎄